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NovusCMSuspected of fraud

NovusCM

1.65
Suspected of fraudAmerica
Time

1Year

Contact Information
Website
Industry Echelon

Basic Information

Company
Regulatory
Risk Monitor
Download
Documents
Country
America
Market Type
foreign exchange
Enterprise Type
Brokerage
Service
Provide trading services for a variety of financial products such as foreign exchange (Forex), contracts for difference (CFD), stocks, commodities, indices, etc.
Support Languages
Chinese, English
Domain Registration Date
2024-09-18
Business Status
Suspected of fraud

Company IntroductionWeb Analytics

Company Introduction

NovusCM claims to be an online broker providing foreign exchange and contracts for difference (CFD) trading services. Its official website displays its coverage across a wide range of financial products. However, public information lacks reliable and detailed disclosure of key information, including its background, founding date, capital structure, and regulatory bodies. NovusCM touts its marketing slogans of "low barriers to entry," "globalization," and "high returns." However, these claims, in the absence of transparent oversight and customer protection mechanisms, present significant potential risks for investors.

🌐Global layout and brand background

NovusCM boasts an extensive service network on its website, but it does not disclose detailed information about its offices, subsidiaries, or legally regulated subsidiaries in various countries. External reviewers have noted that it lacks accreditation from mainstream regulators (such as the UK's FCA, Australia's ASIC, and the US's NFA), potentially relying on weaker or offshore regulatory frameworks. For example, brokerage models generally perceived as low or no regulation are more prone to issues such as fund security and dispute resolution.
Furthermore, its multi-domain operations and frequent account switching raise questions about its brand authenticity and operational transparency. Its so-called "global presence" appears to be more promotional than operationally sound.



💹Trading products and services

NovusCM publicly claims to offer a wide range of trading products, including forex, metals, indices, and cryptocurrency CFDs. While this seemingly extensive offering appears to be extensive, most of these products are in the form of contracts for difference (CFDs)—meaning they do not involve the actual delivery of assets. Under this model, brokers can influence trading outcomes through price quotes, slippage, and delayed execution, without fully guaranteeing investors' actual profits or ability to withdraw funds.
At the same time, there is a lack of transparent disclosure of transaction costs and fees, and real user feedback shows that some customers have encountered problems such as "difficulty withdrawing funds," "abnormal account freezing," and "forced position increase." These all suggest that while there are a wide range of products, the hidden risks of transaction execution quality and customer service cannot be ignored.



💻Trading technology and platform experience

NovusCM recommends using a trading platform with features such as "fast execution" and "rich tools," aiming to provide investors with a high-quality experience. However, the platform's technical aspects are unclear, including whether it utilizes an independent STP/ECN model, whether it conflicts with customer interests or involves slippage, or whether independent third-party execution monitoring is employed. Furthermore, some user feedback indicates that the platform's stability, responsiveness, and execution latency fall short of expectations.
It should be noted that even if the platform interface looks modern and has complete tools, appearance alone cannot guarantee that the broker has reliable guarantees in terms of fair execution, fund security, and timely service in the backend.



🛡️Regulatory compliance and fund security

Regulatory compliance is a crucial aspect of brokerage credibility. NovusCM's disclosure of regulatory information on its official website and public documents is extremely limited, with no credible evidence demonstrating strict oversight by mainstream regulators. The lack of clear client fund segregation mechanisms, negative balance protection, or third-party audit reports means that if operational issues arise, client funds will face limited legal protection.
On multiple independent platforms, it is listed as a "high-risk" or "non-recommended" broker, and there are many user withdrawal disputes, which also confirms that there are significant weaknesses in its supervision and fund guarantee mechanisms.



⚡Trading conditions and experience

NovusCM offers seemingly attractive trading conditions, such as high leverage, a wide range of products, and a low barrier to entry. However, high leverage also carries significant risk. Users can easily suffer significant losses if the platform's execution is flawed or capital flows are disrupted. Furthermore, some users report complex withdrawal processes, slow customer service responses, and frequent requests for additional documentation or account freezes. These situations are common among high-risk, opaque platforms. Investors should exercise extreme caution.



🎓Customer support and value-added services

While NovusCM promises services such as "online customer service," "trading tools," and "educational resources," it lacks disclosure of key information such as support channels, service quality, and response times. User feedback frequently cites issues such as "delayed customer service," "low commitment rate," and "incomplete educational materials." For novice traders, a platform lacking adequate training, timely support, and transparent processes can increase the risk of operational errors.



⚠️Risk Warning and Platform Positioning

NovusCM's selling points of "high leverage," "global service," and "fast profits" appeal to investors seeking quick returns. However, its weak regulatory environment, weak capital guarantees, negative user feedback, and low operational transparency all indicate that it is a high-risk platform. Investors should be aware that capital can be lost rapidly, withdrawals are uncertain, and protections are limited in the event of problems. This platform is more suitable for traders willing to take on extremely high risks, rather than for novice or conservative investors seeking robust regulatory protection.



🔍Comprehensive analysis and evaluation

From a comprehensive perspective, the main features of NovusCM include:

  • Regulatory information disclosure is severely inadequate, making it difficult to verify its legitimacy and credibility;

  • Despite claiming to have a rich product offering and an advanced platform, user feedback indicates difficulties with withdrawals, poor execution, and delayed customer service.

  • The platform's positioning tends to be high-risk, high-leverage, and quick-profit, rather than long-term stability;

  • For investors who value fund security, service quality and compliance, it is not an ideal choice.

Overall, NovusCM presents itself as a high-risk, high-uncertainty trading platform. If you prefer to trade in a regulated, transparent, and robust environment, we recommend prioritizing brokers overseen by major regulatory bodies such as the UK FCA, Australia's ASIC, and Europe's CySEC.

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Selected Enterprise Evaluation

1.63

Total 4 comments
****
0.50
NovusCM lacks verified regulation and transparency, making it a high-risk platform for retail investors.

Reply

be***h2
@****

I unfortunately fell victim to an online investment scam that promised high returns but quickly froze my funds and blocked withdrawals. After extensive research, I came across Mrs. Nora, who had successfully assisted many others in similar situations. I decided to reach out, followed her clear instructions, and provided the necessary details. To my amazement, within 72 hours my funds were fully recovered. If you’ve lost mhoney to online fraud, I highly recommend contacting Mrs. Nora—her professionalism and efficiency are unmatched. Email: bruce.nora254@ gmail.com |  WhatsApp: +1 (8 7 0) 810 54 42

Reply

****
1.00
Despite marketing claims of advanced trading conditions, NovusCM offers poor credibility, unclear fund security, and unreliable client support.

Reply

****
2.50
I unfortunately fell victim to an online investment scam that promised high returns but quickly froze my funds and blocked withdrawals. After extensive research, I came across Mrs. Nora, who had successfully assisted many others in similar situations. I decided to reach out, followed her clear instructions, and provided the necessary details. To my amazement, within 72 hours my funds were fully recovered. If you’ve lost mhoney to online fraud, I highly recommend contacting Mrs. Nora—her professionalism and efficiency are unmatched. Email: bruce.nora254@ gmail.com |  WhatsApp: +1 (8 7 0) 810 54 42

Reply

****
2.50
A few months back, I fell for what looked like a professional online investment platform. The site looked real, the dashboard was convincing, and I even saw fake profits piling up. But when I tried to withdraw — silence. No replies, no support. I realized too late that I had been scammed. I felt embarrassed and angry with myself. Then I came across Mrs. Nora. She didn’t make fake promises or pressure me. She just explained what could be done and asked for the right details. Within a few days, she had my funds back in my account. I honestly didn’t think recovery was even possible. For anyone feeling stuck or hopeless, please don’t stay silent — there’s a way forward. 📧 brucenora 254(@)gmail. com | 📱 WhatsApp: +1 (8=7=0) 8=1=0-54=42

Reply

~ There's nothing more ~

About NovusCM's questions

01

Ask:Is NovusCM a legal and regulated Forex broker?

Answer:NovusCM's official website does not provide clear regulatory license information, nor does it appear on the license lists of major regulators such as the UK's FCA, Australia's ASIC, Cyprus' CySEC, and the US's NFA. Some external sources suggest the company may be registered offshore, subject to lax regulation and lacking strict fund segregation or third-party audits. This means that if investors encounter issues such as account freezes or withdrawal difficulties, they have little or no regulatory protection. Overall, NovusCM's regulatory transparency is extremely low, and the risk profile is high.

02

Ask:Are there any risks for investors to withdraw cash from NovusCM?

Answer:Numerous user feedback indicates that NovusCM's withdrawal process is not smooth. Some investors have reported being asked to provide additional documentation, experiencing processing delays, or even experiencing prolonged delays in receiving their funds. Because the platform lacks public bank escrow accounts, independent audit information, or third-party fund security mechanisms, the flow of customer funds cannot be verified. This situation is common among unregulated or minimally regulated platforms, and investors should be aware of the potential financial risks.

03

Ask:Is NovusCM suitable for beginners or average investors?

Answer:Not recommended. NovusCM promotes high leverage, low account opening requirements, and quick returns, but these high-risk conditions can easily lead to significant losses for novice investors in the short term. Furthermore, the platform lacks regulatory oversight, customer service, and risk disclosure, lacking essential investor education and regulatory compliance. For inexperienced traders, choosing such a high-risk platform not only makes it difficult to achieve stable returns but also risks account irregularities and fund security issues. Investors seeking a stable, long-term trading experience should prioritize licensed brokers regulated by the FCA, ASIC, or CySEC.